Registration number: 01580720

Plastic & Timber Products Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Plastic & Timber Products Limited

Company Information

Director

Mr A G Whiteley

Company secretary

Mr A G Whiteley

Registered office

11 Warwick House Overton Road London Greater London United Kingdom SW9 7JP

Plastic & Timber Products Limited

(Registration number: 01580720)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	218,466	224,784
Current assets
Stocks	6	41,583	46,000
Debtors	7	174,686	137,849
Cash at bank and in hand		98,619	83,379
		314,888	267,228
Creditors: Amounts falling due within one year	8	(97,208)	(94,325)
Net current assets		217,680	172,903
Net assets		436,146	397,687
Capital and reserves
Called up share capital		100	100
Retained earnings		436,046	397,587
Shareholders' funds		436,146	397,687

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 October 2026
 

......................................... Mr A G Whiteley Company secretary and director

Plastic & Timber Products Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Warwick House
Overton Road
London
Greater London
SW9 7JP
United Kingdom

These financial statements were authorised for issue by the director on 8 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Plastic & Timber Products Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Land and buildings	50 years straight line
Plant and machinery	10 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Plastic & Timber Products Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2025 - 4).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	47,229	36,239

Plastic & Timber Products Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

5	Tangible assets

	Land and buildings £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2025	272,961	186,742	459,703
At 31 March 2026	272,961	186,742	459,703
Depreciation
At 1 April 2025	54,590	180,329	234,919
Charge for the year	5,459	859	6,318
At 31 March 2026	60,049	181,188	241,237
Carrying amount
At 31 March 2026	212,912	5,554	218,466
At 31 March 2025	218,371	6,413	224,784

Included within the net book value of land and buildings above is £212,912 (2025 - £218,371) in respect of long leasehold land and buildings.
 

6

Stocks

	2026 £	2025 £
Other inventories	41,583	46,000

7

Debtors

Current	2026 £	2025 £
Trade debtors	171,386	133,249
Other debtors	3,300	4,600
	174,686	137,849

Plastic & Timber Products Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	13,524	28,258
Taxation and social security	75,498	61,133
Accruals and deferred income	1,750	1,750
Other creditors	6,436	3,184
	97,208	94,325

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

10	Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	60,001	60,000
Contributions paid to money purchase schemes	33,000	-
	93,001	60,000

11

Dividends

		2026		2025
		£		£
Interim dividend of £1,000.00 (2025 - £800.00) per ordinary share		100,000		80,000

12	Parent and ultimate parent undertaking

The ultimate controlling party is the shareholders. There is no one controlling party.